Insurtech in Europe: identifying the top investment priorities for driving innovation

Financial Innovation

Table 8 Weighted decision matrix

	Claims management			Marketing			Policy management			Pricing			Product design
	µ	v	π	µ	v	π	µ	v	π	µ	v	π	µ	v	π
Artificial intelligence	0.1723	0.9220	0.2231	0.1265	0.9363	0.1449	0.0987	0.9479	0.1003	0.3640	0.7705	0.1284	0.2866	0.8469	0.2158
Big data	0.3257	0.8268	0.1087	0.1587	0.9175	0.2003	0.2024	0.8846	0.2178	0.5762	0.5716	0.0934	0.4599	0.7117	0.1583
Blockchain	0.2173	0.8967	0.1844	0.1265	0.9363	0.1449	0.1182	0.9378	0.1010	0.3990	0.7393	0.1334	0.3486	0.8027	0.1786
Cloud. mobile and applications	0.1305	0.9437	0.1657	0.1265	0.9363	0.1449	0.0987	0.9479	0.1003	0.4070	0.7418	0.0738	0.2658	0.8603	0.2071
Internet of things	0.0911	0.9627	0.1185	0.0926	0.9540	0.0941	0.0855	0.9568	0.0999	0.4070	0.7418	0.0738	0.2332	0.8816	0.1972